Vertically integrated cannabis company Aleafia Health Inc. (TSX: AH) (OTCQX: ALEAF) reported its financial results for the three and six months ended June 30, 2021. Shares traded 0.87% lower at $0.0027 per share at the time of writing Thursday mid-morning.
As COVID-19 safety measures begin to slowly lift and more people are getting vaccinated, many industries are beginning to blossom. For the cannabis industry, in particular, this could mean an improved third quarter (compared to the second quarter) as restrictions began to ease in June, according to Cantor Fitzgerald’s Pablo Zuanic.
Last week, Cantor Fitzgerald hosted CEOs from 14 Canadian legal cannabis producers as part of its Cannabis Forum.
The Canadian cannabis market has many tailwinds, including post-pandemic store reopenings, understocked inventories, favorable regulatory changes and industry consolidation, the firm's analyst Pablo Zuanic said in a note.
TruTrace Technologies Names Robert Lelovic As New CFO
TruTrace Technologies, Inc. (CSE: TTT), a developer of fully integrated software designed to boost traceability of testing standards within the legal cannabis, nutraceutical, food, and pharmaceutical space has hired Robert Lelovic, CPA, CA, to its leadership team.